The Help to Buy scheme has been extended to compensate for the delays in building work due to the coronavirus outbreak. Under the current scheme, work on new homes would have to be finished by the end of December – the extension will mean the deadline will now move to 28 February 2021. The deadline for the legal completion of the sale will remain the same – 31 March 2021.
The Covid pandemic has led to a surge in the number of employees bringing claims to the Employment Tribunal, according to research carried out by Citizens Advice. It says that if claims continue to increase
The number of families having to pay inheritance tax (IHT) has fallen for the first time since 2009, according to the latest figures. Inheritance tax is set at 40% and becomes payable once the tax-free threshold of £325,000 has been passed. There is no tax liability
The High Court has settled a dispute between a father and son over whether money was ‘loaned or gifted’ to buy a home. The father had been a successful builder and property developer who owned numerous residential properties. He and his son had been directors of a building company which owned a commercial property; the son also owned several other properties transferred to him by the father at an undervalue.
Rishi Sunak, chancellor of the exchequer, announced that residential property transactions costing up to £500,000 will be exempt from stamp duty land tax (SDLT) until 31 March 2021. The previous figure was £125,000.
The High Court has corrected a clerical error in a man’s will that would have given his nephews and nieces an unintended windfall.
The government’s housing agency, Homes England, has acquired 19 sites across the country that will be used to build 5,000 new homes.
A woman who caused her husband’s death through careless driving has won the right to inherit his estate.
One in four pregnant women have faced discrimination at work during the coronavirus outbreak, according to a survey carried out by the TUC.
Homes England has issued a new updated guide to the Help to Buy equity loan scheme, which has helped thousands of people get on to the property ladder. These are some of the main points covered…